Raymond James trims staff amid industry slowdown [Wealth Professional (Canada)]
Raymond James Financial, Inc. (RJF)
Last raymond james financial, inc. earnings: 4/29 04:35 pm
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raymondjames.com/investor-relations
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Source: Wealth Professional
Raymond James Financial Inc. has laid off several employees in its Canadian operations, marking the latest round of job cuts in the banking industry. The firm closed its investment-banking office in Calgary last year. The decision to cut positions is linked to a significant downturn in the energy sector, according to sources familiar with the matter. This week, the firm cut at least seven positions in its investment banking, sales, and trading departments. The cuts impacted offices in Toronto, Vancouver, and Montreal, said a source who requested anonymity due to the sensitivity of the information. The Florida-based firm, which has a substantial wealth management business in Canada, has not issued a public comment regarding the layoffs. The job cuts follow the closure of Raymond James' Calgary investment-banking office in August 2023. The closure and subsequent layoffs reflect broader challenges within Canada's banking industry, particularly in regions heavily reliant on the oil a
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RJF
Earnings
- 7/24/24 - Beat
RJF
Sec Filings
- 9/20/24 - Form 3
- 9/6/24 - Form 4
- 9/4/24 - Form 8-K
- RJF's page on the SEC website